RE: 5 year View3 Jun 2021 00:25
Think of it this way.
WSBN has 169m shares in issue.
GGP has 4b shares in issue.
4,000,000,000 / 169,000,000 = 23.66.
So if we times the GGP current share price of 21.15p by 23.66 then your looking at a SP of £5.
But to be honest with you although that’s not an accurate way of doing it it’s an example, but I feel it can go even higher as GGP is still undervalued and it’s high was at the 37p mark, which would mean ours could be £8.75.
So there’s scope for this to be in the £10 range for the long game and we start getting the gold out the ground etc… also depends on if we do go into a JV then what % are we giving away, remember with GGP they’ve given away 75% of the asset to Newcrest, we own 100%. So let’s say we only give away 50% then ideally you’d see an additional 25% added to those calculations above.